Homeowners in PrebleCounty and surrounding areas struggling to make monthly mortgage payments or facing foreclosure can take advantage of a free service offered by the HIT Foundation in Eaton. Home Is The Foundation is a private, non-profit organization focused on providing for housing needs in Preble County and surrounding areas.
Foreclosure Prevention
For more than a year, the group has been working with area homeowners in need of foreclosure prevention. During that time more than 300 homeowners have come to the HIT Foundation for assistance. The organization is now funded directly by the Ohio Housing Finance Agency and continues to serve as a HUD-approved foreclosure counseling agency.
To schedule a confidential meeting with a foreclosure counselor, homeowners are asked to contact Deron Newman, Program Coordinator, at (937) 472-0500, Ext. 402, or call the toll-free foreclosure prevention information number at (866) 230-6240.To enroll in this program, contact the HIT Foundation at (937) 472-0500 or complete an online request form (click here).
The foreclosure prevention program is designed to assist homeowners who are unable to keep up with monthly mortgage payments and/or are in the foreclosure process. The program targets homeowners facing job loss, medical issues, or other hardships, as well as those victimized by predatory lending practices.
Whether a homeowner has missed one mortgage payment or is already in the foreclosure process, the H.I.T. Foundation may be able to help. H.I.T. Foundation works to identify homeowners who are currently facing foreclosure and enroll them in this program. The Foundation also provides information and referrals to other area resources. The agency then works with lenders to negotiate an acceptable loan modification or other resolution.
Intake Meeting The key step to the process is the Foreclosure Prevention Intake Meeting which is held at the HIT Foundation office, 1751 North Barron Street, Eaton (directions). Intake meetings are scheduled individually and can be set by calling (937) 472-0500 or requesting information using the following online form (click here). There are several documents which must be completed prior to the meeting and submitted at that time. Those documents are available online (click here) or can be requested by contact the HIT Foundation office.
Following the intake meeting, and once a complete file has been created, the HIT Foundation will submit the information to the lender. Once received, the lender will review the information and determine if the homeowner qualifies for a loan modification. This process may take 6-12 weeks. Updates may be obtained by calling the HIT Foundation, however, there are usually not available until 4-6 weeks after the file has been submitted.
